Holdstation Simplifies DeFi for Everyday Users by Account Abstraction – Digital Journal

Holdstation Simplifies DeFi for Everyday Users by Account Abstraction – Digital Journal

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Published September 16, 2023

Holdstation introduced two products

Vietnam – September 16, 2023

In the ever-evolving world of cryptocurrencies, the quest for simplicity amidst complexity remains challenging. While many platforms offer a plethora of features, they often come at the cost of user-friendliness. Holdstation was born to change that.

Rather than merely focusing on technological advancements, the Holdstation team prioritizes the user experience, ensuring that even those new to the crypto world can navigate with ease. As Vitalik Buterin once said, “Centralized anything is evil by default, use Defi and Self-custody.” Holdstation embodies this ethos, striving to bridge the gap between DeFi and CeFi.

To address the remaining problem in the crypto realm, Holdstation introduced two groundbreaking products:

  • Holdstation Smart Contract Wallet: A user-friendly wallet that allows users to store, send, and receive cryptocurrencies. It minimizes the complexities of using EOA (Externally Owned Account) by turning it into a smart account or smart wallet, using the advancement of Account Abstraction (AA).
  • Holdstation Defutures: A decentralized exchange (DEX) that allows users to trade cryptocurrencies, forex, and commodities with leverage up to 500x. The DEX offers a variety of features, including margin trading, limit orders, and stop-loss orders.

Account Abstraction with Holdstation

The limitations of EOA are well-documented, with Vitalik Buterin highlighting its constraints. Soon realized this fact, Holdstation’s adoption of Account Abstraction (AA) is a game-changer. This ecosystem replaces traditional Ethereum accounts (EOA) with custom smart contract accounts, ensuring that every transaction is independently initiated. Not only does this feature bolster security, but also simplifies the user experience in an unparalleled manner.

A multi-chain and user-centric platform

Beginning with its foundation in the zkSync Era, the pioneering EVM-compatible chain to integrate native Account Abstraction, Holdstation is strategically positioned to broaden its reach across multichain.

In addition, for those who look for an incentive, Holdstation’s commitment to its community is clearly stated. The platform will allocate 12% of its total token supply for exclusive user airdrops. This stands as a testament to the platform’s community-driven ethos.

Contact Info:
Name: Nam Le
Email: Send Email
Organization: Holdstation
Website: https://holdstation.com/

Release ID: 89107685

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